Tennessee V. Reeves Essays

Tennessee V. Reeves Essays Tennessee V. Reeves Paper Tennessee V. Reeves Paper Tennessee v. Reeves. 917 S. W. 2d 825 (Supreme Court of Tennessee, 1996) On January 5, 1993, Tracie Reeves and Molly Coffman, spoke on the telephone and decided to kill their homeroom teacher, Janice Geiger. Reeves and Coffman were both twelve years old and were students at West Carroll Middle School. They planned that Coffman would bring rat poison to school the following days and it would be put in Geigers drink. After that, the two would steal Geigers vehicle and drive to the Smoky Mountains. On January 6, Coffman placed a packet of rat poison in her purse and got on the school bus. Coffman told another student, Christy Hernandez, of the plan. Coffman showed her the poison in her purse. When Hernandez got to school she went and informed her homeroom teacher, Sherry Cockrill. Cockrill then informed the school principal, Claudia Argo. When Geiger entered her classroom that morning, she observed Reeves and Coffman leaning over her deck; and when the girls noticed her, they giggled and ran back to their seats. Geiger saw a purse lying next to her coffee cup on the top of the desk. Shortly after Argo called Coffman to the principals office, rat poison was found in Coffmans purse. Both Reeves and Coffman gave written statement to the Sheriff investigator concerning their plan to poison Geiger and steal her car. Reeves and Coffman were found to be delinquent by the Carroll County Juvenile Court, and both appealed from that ruling to the Carroll County Circuit Court. After a jury found that the girls attempted to commit second degree murder in violation of Tenn. Code Ann. Section(s) 19-12-101, the criminal attempt statute, the trial court affirmed the juvenile court order and sentenced the girl to the Department of Youth development for an indefinite period. The issue in this case is to determine whether the defendants action in this case constitute a substantial step toward the commission of second degree murder under the new statue.

War Hawks and the War of 1812

War Hawks and the War of 1812 The War Hawks were members of Congress who put pressure on President James Madison to declare war against Britain in 1812. The War Hawks tended to be younger congressmen from southern and western  states. Their  desire for war was prompted by expansionist tendencies. Their agenda included adding Canada and Florida to the territory of the United States as well as pushing the frontier further west despite resistance from Native American tribes. Reasons for War The War Hawks cited multiple tensions between the two 19th-century powerhouses as arguments for war. Tensions included violations that the British committed regarding U.S. maritime rights, the effects of the Napoleonic Wars and lingering animosity from the Revolutionary War.   At the same time, the western frontier was feeling pressure from Native Americans, who formed an alliance to stop the encroachment of white settlers. The War Hawks believed that the British were financing the Native Americans in their resistance, which only incentivized them to declare war against Great Britain even more. Henry Clay Although they were young and even called the boys in Congress, the War Hawks gained influence given the leadership and charisma of Henry Clay. In December 1811, the U.S. Congress elected  Henry Clay  of Kentucky as speaker of the house. Clay became a spokesperson for the War Hawks and pushed the agenda of war against Britain. Disagreement in Congress Congressmen mainly from northeastern states disagreed with the War Hawks. They did not want to wage war against Great Britain because they believed their coastal states would bear the physical and economic consequences of an attack by the British fleet more than southern or western states would. War of 1812 Eventually, the War Hawks swayed Congress. President Madison was eventually convinced to go along with the demands of the War Hawks, and the  vote to go to war  with Great Britain passed by a relatively small margin in the U.S. Congress. The War of 1812 lasted from June 1812 to February 1815. The resulting war was costly to the United States. At one point British troops marched on Washington, D.C. and  burned the White House and the Capitol. In the end, the expansionist goals of the War Hawks were not achieved as there were no changes in territorial boundaries. Treaty of Ghent After 3 years of war, the War of 1812 concluded with the Treaty of Ghent. It was signed on December 24, 1814 in Ghent, Belgium. The war was a stalemate, thus the purpose of the treaty was to restore relations to status quo ante bellum. This means that U.S. and Great Britain borders were to be restored to the condition they were in before the War of 1812. All captured lands, prisoners of war and military resources, such as ships, were restored.   Modern Usage The term hawk still persists in American speech today. The word describes someone who is in favor of beginning a war.

Biography of Shakespear Essay Example | Topics and Well Written Essays - 250 words

Biography of Shakespear - Essay Example Shakespeare did not continue the education up to the university level. He had started writing plays from the early teenage and with the money he made, he bought the New Place at the age of 15. In 1582, Shakespeare got married to a 26 years old Anne Hathaway when he himself was only 18. They lived in Stratford after marrying. William left his family for some 20 years in order to work in London. In 1609, he visited his family. William was granted the coat of arms despite he lacked proof. William Shakespeare wrote a number of plays that include but are not limited to Macbeth, Hamlet, A Midsummer Night’s Dream, King Lear and The Tempest. Many of his novels were made plays of. His works are excellent pieces of literature combined with art. Shakespeare’s plays make a necessary part of English Literature in the contemporary schools. They are deemed essential to inculcate accurate literary sense and taste for literature in the

Potential reviews on peer-reviewed journal articles related to the Literature review

Potential reviews on peer-reviewed journal articles related to the dimension of international entrepreneurship - Literature review Example However international entrepreneurial efforts to gain hold of significant opportunities are disturbed by certain factors limiting accessibility of the international entrepreneur to such opportunity zones. The paper relating to the above fact tends to reflect on the importance of opportunities and how the paradigm of accessibility enhances the value addition to the opportunity exploration activities of the international entrepreneur. International Entrepreneurship Baker, Gedajlovic and Lubatkin (2005) and Giamartino, McDougall and Bird (1993) observe that the concept of international entrepreneurship gains potential in the amalgamation of two distinct sets of studies relating to the domain of ‘International Business’ and ‘Business Entrepreneurship’. The main focus of the International Entrepreneur like the Regional or Local Entrepreneur lies in investigating, evaluating and thereby optimally exploiting the emergence of new opportunities in the global landscap e. The international entrepreneur having gained sight of new opportunities relating to the specific or diversified business domain in the international arena tends to evaluate the accessibility parameters to the same. Thus business decisions are framed not only in terms of the opportunities sighted but also in the process of gaining optimal benefits related to such. Henceforth a successful entrepreneur not only endeavours to locate significant opportunities but also tries to evaluate the institutional and infrastructural support pertaining to the different international regions (Baker, Gedajlovic and Lubatkin, 2005, p.492, 496; Giamartino, McDougall and Bird, 1993, p.39). Plattner (2005) and Peterson (1988) remarks that the dimension of international entrepreneurship gains dominance in the light of globalisation. The emergence of globalization has led to the growth of enhanced cooperation pertaining to transnational boundaries thereby helping in the mutual growth of different nation s. No nation in this globalized climate tends to operate in an isolated mode. Thus solutions to entrepreneurial and other issues are sought from amongst the cooperation and support rendered in terms of infrastructures, policies and opportunities by other global nations that work to form a mutual association like Commonwealth Nations (Plattner, 2005, p.510; Peterson, 1988, p.7). Probing for International Opportunities Czinkota et al (2011) highlights that international companies to become successful in the globalised scale are required to conduct an effective probe to the level of changes occurring in the external environment pertaining to different international regions. The international entrepreneurs to succeed in the highly competitive and changing global business environment are required to understand the pattern and level of alterations happening and thereby effectively adapt to such changes. Organisational managers are thus required to reorganise and restructure the business c oncerns to gain ease of access to potential opportunities and resources in the international business arena (Czinkota et al, 2011, p.25). The international entrepreneur in terms of Czinkota et al (2011) and Secor (2007) is not required to evaluate the characteristics or features of diverse international zones ranging across different geographies in a separate fashion. Rather the entrepreneur

The elderly man Essay Example for Free

The elderly man Essay My response to situation number four is not to charge the elderly man. First and foremost, a prosecutor’s duty entails determining what cases should be prosecuted. In effect, this means, acting as a â€Å"strainer. † This means that decisions are based on several factors such as â€Å"limited resources, difficulty in enforcement, and not to mention political and public pressures† In deciding against prosecution, the following factors were taken into consideration: age, public interest, and rehabilitation from imprisonment. From the nature of the case and the age of the accused, there would be little reason to imprison him. In addition, looking at the factual circumstances surrounding the commission of the crime, there is little reason to do so. The fact that he immediately turned himself in shows his understanding of right and wrong, in the same breath making a choice to commit such wrong to free his wife from her disease. Moreover, I took media attention in consideration. Being published on the front page of a newspaper indicates a high public in the case, which is the very basis for enacting laws. The article will elicit two kinds of reaction from the public. The first reaction is negative in that people would disagree to the act of ending his wife’s life, but the other reaction could be an outpouring of sympathy for an elderly man who only wanted his wife’s suffering to end. To quote the assigned text, â€Å"in some situations, prosecutors do not charge because of an outpouring of public sympathy or support for the accused, perhaps because of the type of crime or identity of the victim. † Furthermore, based on a study that looks at the prosecutor as â€Å"operating in an exchange system†, whether between the prosecutor and police officers or the courts, in which case considerations may include jail overcrowding and docket backlog, a prosecutor would think twice whether or not charges should be pressed. On the basis of the above reasons, taxpayers’ money would be better spent prosecuting individuals whose malicious or negligent actions have caused pain and suffering to the victims and their families.

Does Life Have a Meaning? Essays -- Philosophy Philosophical Essays

Does Life Have a Meaning? Life, it might be argued, is the distinguishing feature of all organisms and may most usefully be thought of as involving various kinds of complex systems of organization providing individual organisms with the ability to make use of those energy sources available to them for both self maintenance and reproduction. Underlying this deceptively persuasive definition, however, lie those persistent traditional problems inherent in the search for an essential, distinctive substance characteristic of all forms of life. Additionally, as evolution theory makes clear, there is the problem of borderline instances, organisms of which it is not easy to say whether or not they may be defined as being alive. One such case is that of the virus. Viruses are the smallest, simplest living things, smaller than bacteria, and the cause of some of the deadliest diseases known to humanity. They are composed chiefly of nucleic acid wrapped in a coat of protein and are able to multiply only from within living cells. As with all other organisms, the virus depends for its ability to obtain energy and carry out the other processes necessary to sustain life, upon its stock of DNA, the hereditary material that makes up the genes, the "instructions" that determine the traits of every living organism. What is interesting about viruses, however, is that their genetic stock is very meagre indeed, so much so that reliance upon it alone cannot enable them to survive. Nonetheless, viruses do persist from one generation to the next, as if they were alive. How this is managed, as it clearly is in both plants, animals and human beings, bears importantly upon the ways in which "life", at least in the case of viruses, may legitimately b... ... our ability not only to understand our human limitations, but also to appreciate their unimportance in our situation: "If sub specie aeternitatis there is no reason to believe that anything matters, then that doesn't matter either, and we can approach our absurd lives with irony instead of heroism or despair." Bibliography: Brian, Denis Einstein: A Life John Wiley and Sons, Inc., 1996 Hanfling, Oswald (ed.) Life and Meaning: A Reader Blackwell F, Open University, 1987 Mill, John Stuart Utilitarianism Dent Dutton (Everyman), 1962 Plato Gorgias trans. Hamilton, W., Penguin, 1960 Russell, Bertrand History of Western Philosophy Allen and Unwin, 1962 Works consulted following initial assessment of essay: Murdoch, Iris The Sovereignty of Good Routledge, 1991 Nagel, Thomas The Possibility of Altruism Princeton Paperback, 1978 Does Life Have a Meaning? Essays -- Philosophy Philosophical Essays Does Life Have a Meaning? Life, it might be argued, is the distinguishing feature of all organisms and may most usefully be thought of as involving various kinds of complex systems of organization providing individual organisms with the ability to make use of those energy sources available to them for both self maintenance and reproduction. Underlying this deceptively persuasive definition, however, lie those persistent traditional problems inherent in the search for an essential, distinctive substance characteristic of all forms of life. Additionally, as evolution theory makes clear, there is the problem of borderline instances, organisms of which it is not easy to say whether or not they may be defined as being alive. One such case is that of the virus. Viruses are the smallest, simplest living things, smaller than bacteria, and the cause of some of the deadliest diseases known to humanity. They are composed chiefly of nucleic acid wrapped in a coat of protein and are able to multiply only from within living cells. As with all other organisms, the virus depends for its ability to obtain energy and carry out the other processes necessary to sustain life, upon its stock of DNA, the hereditary material that makes up the genes, the "instructions" that determine the traits of every living organism. What is interesting about viruses, however, is that their genetic stock is very meagre indeed, so much so that reliance upon it alone cannot enable them to survive. Nonetheless, viruses do persist from one generation to the next, as if they were alive. How this is managed, as it clearly is in both plants, animals and human beings, bears importantly upon the ways in which "life", at least in the case of viruses, may legitimately b... ... our ability not only to understand our human limitations, but also to appreciate their unimportance in our situation: "If sub specie aeternitatis there is no reason to believe that anything matters, then that doesn't matter either, and we can approach our absurd lives with irony instead of heroism or despair." Bibliography: Brian, Denis Einstein: A Life John Wiley and Sons, Inc., 1996 Hanfling, Oswald (ed.) Life and Meaning: A Reader Blackwell F, Open University, 1987 Mill, John Stuart Utilitarianism Dent Dutton (Everyman), 1962 Plato Gorgias trans. Hamilton, W., Penguin, 1960 Russell, Bertrand History of Western Philosophy Allen and Unwin, 1962 Works consulted following initial assessment of essay: Murdoch, Iris The Sovereignty of Good Routledge, 1991 Nagel, Thomas The Possibility of Altruism Princeton Paperback, 1978

Dharma in the 21st Century: “The Life of Tibetan Buddhist Nuns” Essay

Living in the 21st century connotes a busy and modern life, a life that is influenced by materialism, globalization and modern technology; a life with hardly any room for spirituality. This is the kind of life that is common in the Western world where everything is fast paced and humans have moved from relying on a greater being on to highly relying on gadgets everyday. We rely heavily on modern contraptions to make living easier for us – from a simple alarm clock in the bedroom to a high-powered microwave oven in the kitchen, from the multi-functional mobile phone in our pockets to our Internet-connected computers everywhere. From living based on religion, we now live based on technology. We cannot imagine life with out modern technology; we need it to cook our food, we need it to get to work, we need it to communicate; we just simply need it, or so we think? In this modern life of ours, we have become so engrossed with materialism and technology. We try to find ways to make things easier for us through technology but the more we use gadgets, the more complicated life seems, and as it gets complicated we forget about our inner being. We have forgotten what it is like to live simply and what it is like to be truly happy and be at peace without all the materialism. This is life with modernization but in places where materialism is not important and spirituality is highly upheld, all that we know and live by in the 21st century is absurdity for them. Theirs is a life of simplicity, meditation and seclusion; a life of being one with nature and their creator; a life of gaining wisdom and inner happiness. This is the life of Buddhism. Buddhism is not only a religion; it is a philosophy and a way of life (White 1). It is slowly growing in the Western world[1], where some try to look for peace in their everyday modern chaos (ibid). In the Orient, where Buddhism originated, modernization and a western way of life is slowly influencing the people due to economic reasons, such as in Thailand, but they still keep in touch with their spirituality, and monasteries where monks and nuns live still abound. In Tibet, Buddhism is their religion and politics; the Dalai Lama used to be both their religious and political leader (Simhanada Home page). With China taking over their country 50 years ago, the Tibetan government is in exile[2] and the more than 6,000 monasteries and nunneries in the Tibetan regions of U-Tsang, Dotà ¶ and Domey were damaged and destroyed by the Chinese (Office of Tibet 1). The Tibetan people and the few Tibetan monks and nuns in Tibet still seek spiritual guidance from the Dalai Lama in the North Eastern borders of India. With Tibetan monasteries built outside of Tibet after China’s invasion and with a few Tibetan monks and nuns still living in Tibet, it is of great interest how Tibetan Buddhist monastics, particularly the nuns, live like now and view the world especially with most of them in exile, with China as an economic tiger ruling over their land and with modernization happening all over the world. This paper will look into the lives of Tibetan Buddhist nuns in this present day and what has changed in their ways from the earlier times. A brief history of the Tibetan Buddhism will be given in order to understand the role of Tibetan nuns. Views on the role of women in Buddhism will be given and excerpts from the stories of different Tibetan nuns will also be shown in order to understand their belief and values system, and more importantly the condition of their life today. History of Tibetan Buddhism   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Generally, Buddhism is a love of wisdom and it has three paths: (1) to lead a moral life, (2) to be mindful and aware of thoughts and actions and (3) to develop wisdom and understanding (White 1). It has four noble truths which are (1) suffering exists, (2) suffering arises from attachment to desires, (3) suffering ceases when attachment to desire ceases and (4) freedom from suffering is possible by practicing the eightfold path, which is to have the right view, thought, speech, action, livelihood, effort, mindfulness, and contemplation (Simhanada 1).   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Buddhism was introduced in Tibet by Buddhists in India in 173 CE and it was gradually assimilated, disseminated and integrated into the Tibetan way of life due to the efforts of the religious kings of the country (Office of Tibet 1). Tibetan Buddhism as described on the Simhanada Tibetan Buddhism page is as follows: Tibetan Buddhism makes use of a wide variety of practices, i.e., the entire scope of Buddha’s teachings from the Hinayana, Mahayana and Vajrayan levels. Tibetan Buddhism successfully preserved the Vajrayana tradition†¦it is based most directly on the view that appearances can be used and transformed in order to recognize one’s Buddha nature and the emptiness of the mind†¦emphasis on intense Calm-abiding and Insight Mediation is stressed, along with the gradual accumulation of merit and purifying of obstacles. Extensive study of scripture, astrology, medicine, math and debate are common for Tibetan practitioners. Meditation on enlightened deities†¦is a unique feature of the Vajrayana†¦it uses the technique of having the practitioner identify themselves with an enlightened deity —in order to realize the nature of enlightenment. The religion spread because gurus from India were invited into Tibet to teach the Buddhist scriptures and translate them for the people. The religious king Tri Ralpachen introduced a decree that every monk should be supported by seven households, and thousands of temples were constructed in his time. Unfortunately, the king’s successor did not support the Buddhist teachings and monks were made to disrobe and join the army (ibid). Buddhism entered into a dark age but was revived after some time when three monks escaped the Domey region of Tibet and established monastic lineages in other parts of Tibet and eventually revived it in central Tibet (Office of Tibet 1). In Western Tibet, the most vigorous revival of Buddhism was taking place care of Lha Lama Yeshe Ãâ€". He helped spread the doctrine through translation, teaching and establishing of monasteries with the help of the great translator Rinchen Zangpo and Legpai Sherab (ibid). Lha Lhama also composed the famous Buddhist test A Lamp on the Path to Enlightenment, which set the pattern for all graded path texts found in the Tibetan Buddhist tradition (ibid). Four schools of Tibetan Buddhism[3] were also established from the practices and the Buddhist gurus. These are the Nyingma, Kagyu, Sakya, and Gelugpa. Nyingma literally means â€Å"old school† (ibid)that places a great deal of emphasis on meditation to achieve merit and wisdom; Kagyu is the Oral Lineage that is concerned with the experiential dimension of meditation where there is single-minded contemplation exercises and meditative therapy to attain psychic good health. Milarepa, an eleventh century Tibetan mystic practiced this tradition and meditated for many years in caves prior to reaching enlightenment. Sakya represents the scholarly tradition and means â€Å"gray earth† (ibid), and the Gelugpa school translates into the â€Å"virtuous school† (ibid) where scholastics are emphasize highly and monks are encouraged to achieve the Geshe degree of the Doctor of Buddhist Philosophy where a student practices lamrim or the paths[4]. Meditation is encouraged as well, like in all Buddhist practices and development of compassion is an essential part of the teachings of this school, which is also the basis of Tibetan Buddhist schools. The special features of Tibetan Buddhism are the status of the teacher or â€Å"Lama†, preoccupation with relationship between life and death, important role of rituals and initiations, rich visual symbolism, element of Bà ¶n, the earlier Tibetan faith, and mantras and meditation practice (BBC 1). Role of Women in Tibetan Buddhism There are two sectors in the Tibetan community: the lay people and the monastics (Chodron Home Page). The monastics, which are the monks or bhikshus and the nuns or bhikshunis, chose to vow to a life of simplicity, â€Å"a life directly related to the preservation and dissemination of the Dharma[5] to benefit others† (Chodron Home Page). Though women have been admitted by Buddha himself into his Order thousands of years ago due to pressure that women had become nuns in the Jaina religion (King 40), women are belittled in the orders. There are sutras or teachings that say â€Å"women could never become Buddhas† (SGI 1), and for centuries this conception has persisted. It has been commonly believed that women would have to be reborn as men to attain Buddha-hood (ibid) because there is â€Å"absolute preference for a male body†¦no Buddhist in her right mind desires a female body† (Buddhist-Christian Studies 220). The book Himalayan Hermitess: The Life of a Tibetan Buddhist Nun (Buddhist-Christian Studies 221) the author wrote about the life of Orgyan Chokyi who is a Buddhist nun that had reached high levels of understanding by the end of her life. This was not common during her time since she was living in the late 17th century to the early 18th century, and during this time women in Buddhism were really inferior to the men. The book revealed and translated manuscripts of her life, and this was really rare because manuscripts of nuns were not written by the scholars during the early times since their stories are thought to be not worth recording (Buddhist-Christian Studies 222). It is said that Orgyan Chokyi laments to be a woman and female rebirth in general, and she prays often that no being should be subject to a female rebirth (ibid). This is clearly indicative of how sexist Buddhism was then. She became a significant figure because of her life ordeals- she was born to parents who mistreated her because they wanted a son and she would often weep and one day a monk observed her and told her that if she studied the Dharma, she would soon develop great compassion. Like other nuns she was required to do manual labor in the monastery and this was the time she laments her gender. After being a novice, she received meditation instructions form the master of the monastery and a senior nun; she was made to do Tibetan oral traditions and go on pilgrimages to sacred sites of Tibetan Buddhism. Despite these, she was still made to do manual labor for more years but she was filled with joy and she wrote songs about this. Later on, she changed her attitude about female rebirth and writes that â€Å"a woman’s body is a ground for samsara† (Buddhist-Christian Studies 223). In her death, she clearly defied what was believed then: that enlightenment cannot be achieved in a female body (ibid); her meditation master told her that she did not need to do more meditations because she had â€Å"fully protected her vows and commitments† (ibid). This meant total enlightenment and she laid the path for Buddhist nuns to achieve Buddha-hood as well and to call for equality from society. Some also say that women enter the nunneries because they cannot wait for a man to wed them, they are too old to marry or they are orphans or widows (King 41). This shouldn’t be so since Buddhism calls for equality as seen in the Lotus Sutra, which is also called the teaching of non-discrimination, reveals that â€Å"there is no difference between men and women in terms of their capacity to attain Buddha-hood† (Soka Gakkai International [SGI] 1). Guru Rinpoche, who taught the dharma in Tibet, even had a principal disciple that was a woman called Lady Yeshe Tsogyal (Simhanada 1). In these early years of Buddhism, it was recorded that â€Å"women engaged in learned debates with the Buddha himself† (King 40) and that there is a recording of more than 500 verses in the Therigatha created by Buddhist nuns in the ancient Pali Canon (ibid). This shows that they are as capable as the monks. Nuns have been seen as inferior due to traditions way before Buddhism came and due to the impositions of patriarchal and sexist values in societies where Buddhism flourished (Shih 1). For a woman to become nun means liberation, however, they are bound by rules â€Å"over and above those followed by monk[6]† (King 40). These rules may have been developed at a later time to restrict women’s freedom or to simply express the existing social inferiority of women (ibid). Though she gains some freedom, a nun receives little recognition of her status from society since â€Å"rituals performed by monks are considered more efficacious and meritorious than those performed by nuns† and the donations given to monks are greater because it is considered to produce more merit for the donor than when given to a nun† (Buddhist-Christian Studies 220). Education for nuns was also quite limited because they had to do manual labor or housework to earn money for their supplies or to build their cells; thus, opportunities for them to perform their religious practices were limited (ibid). Even if the nuns have completed the required number of mantra recitations, they have to call on a monk to perform the ï ¬ re puja or burnt-book offering to perform it on their behalf (ibid). The Dalai Lama says that â€Å"all Buddhist nuns have a unique role to play in the evolution of Buddhism where the universal principle of the equality of all human beings takes precedence† (Chodron Home Page). Other Tibetan religious leaders have also stated publicly in a faith international congress that â€Å"men and women have an equal capacity for enlightenment† (Buddhist-Christian Studies 221), thus erasing the traditional beliefs that nuns are of inferior status to monks and that a woman must be reincarnated as a man to achieve enlightenment. And even if the prophecy that the Dharma will cease to exist after 500 years of admitting women into the Buddhist order, since it has already been 2,500 years (Fitz-Gerald 1), some traditionalists are still disregarding this idea because nuns are proving themselves to be more capable than what traditional norms have been dictating for years. Tibetan Buddhist Nuns Today In the recent decades, equal treatment of nuns with monks are being called for and with conferences being held yearly for Buddhists and other faiths, the pressure is great. Buddhism was not inherently sexist, but with the male domination in India where the Tibetan Buddhism came from, it just came to be because of the culture at that time (Fitz-Gerald 1). And this culture is changing in the 21st century. The Venerable Chodron (Home Page) says that in these times, Buddhist nun have three levels of ordination: sramanerika or novice, siksamana or probationary, and bhikshuni or full. The bhikshuni, for the Tibetans, means that it is already possible for them to attain the geshe or Doctorate degree, some are already taking the Vinaya class[7] which entails that the first generation of geshe-mas nuns will be produced and will earn them the degree equal to the monks (ibid). Before 1953, the highest rank that a nun could attain was even lower than the lowest rank of the monks (Shih 1). The Dalai Lama even made a statement about this topic, saying that â€Å"This is the 21st Century. Everywhere we are talking about equality†¦Basically Buddhism needs equality†¦the key thing is the restoration of the bhikshuni vow† (ibid). In this modern world, women are challenging the male-dominated social structures and â€Å"Buddhists need not only to tolerate such change, but to actively support it both within the general social structure and within Buddhism itself. Not only is change along feminist lines not incompatible with the teachings of the Buddha, it will be necessary for the continued flourishing of the Dharma† (Fitz-Gerald 1) since the number of monks is decreasing while the number of nuns is increasing (Chodron Home Page). Also though times are changing and the Buddhist nuns are gaining respect, their monastic life is more difficult now than it was before; as Shih (1) states, â€Å"Monasteries are by no means harbourages for those who seek easy lives. Therefore, there would be no reason for one to take on the challenges of such a life with much more hardship unless it were for the sake of religious pursuit.† Women no longer want to become nuns just because they are widowed, orphaned, abandoned or could not be wed, they enter for spiritual and religious purposes, thus they should gain the respect of everyone. The access women now have to education has brought them the want for enlightenment. In a research conducted by Arai (Shih 1), in the past for forty years, the average age of nuns entering in the order was 16; they were either raised in a temple or entered it because of their parents requests. Recently, however, the age of nuns entering the nunneries has risen to 43 and are single or married, and have definitely had more life experiences that those who were entering the nunneries in the 1950s (ibid). This suggests that nuns are more competent now and are making a more conscious and mature decision to commit themselves to the religion and to the life of seclusion; they are more capable of fulfilling their social roles and responsibilities (ibid).   Aside from earning equal respect and treatment with monks, nuns are facing a bigger problem which all of Tibet is experiencing, and that is the occupation of China in their land. Tsultrim Doma, a Buddhist nun in Tibet, says â€Å"The Chinese want our land, but they don’t want the Tibetan people. The women in our village were called to be sterilized, one by one. Those who refused must pay a fine. They have no money, so they have no choice† (Vincanne 77). Tibetans are experiencing a cultural and physical genocide; the Chinese are forcing Tibetan women, even nuns, to marry and Chinese nationals and bear their children. Tibetan women are forced to abort their babies just to reduce the Tibetan population (ibid). The Chinese are torturing the nuns and monks because they are the bearers of Tibetan culture, which is heavily rooted in religion; the monks and nuns are the suspects of political criminality in Lhasa (Vincanne 80). Hundreds of nunneries and monasteries have moved out of Tibet since the Chinese occupation and into the countries of India, Thailand, Nepal, Australia and others. Though Chinese are also Buddhists, they are persecuting the Tibetan Buddhists and they are faced with the challenge of renewal and reformulation (Shih 1) not only with their ways in treating the Buddhist nuns but with their survival. A Tibetan nun said that â€Å"the strength of our devotion frightens them† (Vincanne 81) since it is their devotion and religion that may liberate them. Their Buddhist belief in peace and liberation from suffering is timely with what they are experiencing, and together with their belief in karma, this enables them to endure their torments[8] and fight a rather peaceful battle for liberation than the Chinese government’s choice of using artillery and blood shed. The values of tolerance, inner transformation and enlightenment also enable the Tibetan Buddhists to be patient with what China has been doing, however, with the recent news of riots being broken out in China by the Tibetans, where monastics are accused of heading it, we do not know until when the Tibetan Buddhists- monks, nuns and lay people, can tolerate the injustices of China. Conclusion Buddhism was introduced in Tibet by the Indians in Tibetan in 123 CE and it replaced the mystic religion of Tibetans which was Bà ¶n. This mystic religion, however shaped the beliefs of the Tibetan Buddhists and made them somewhat different from other Buddhist sects. Their specific features are their distinct belief in life and death, important role of rituals and initiations, rich visual symbolism, element of Bà ¶n, the earlier Tibetan faith, and mantras and meditation practice. The Buddhist nuns have gone a long way from being admitted into the order by Buddha 2,500 years ago and only attaining a rank that is lower than that of the lowest rank for monks, to being ordained as a bhikshuni or a full nun and allowing the possibility of earning a geshe-ma or doctorate degree for them that will make them equals with monks. Though they are facing opposition from traditional lay-persons and monastics, the Dalai Lama and other Buddhist sects are on their side, calling that now is the time for equality and that Buddha-hood can be achieved by both man and woman. This is so because it was believed that women cannot achieve enlightenment, only men can achieve Buddha-hood and women must be reincarnated to do so. Some say that though Buddhism teaches equality, the patriarchal society in which Buddhism spread into has caused such inequality among men and women, thus making the lives of Buddhist nuns much harder than their monk counterparts. Women entering the nunneries today are much older than the women who were entering in the 1950s; from the average age of 16 it has risen to 43 in the past 40 and more years, showing that women have a more conscious decision to commit themselves to the Dharma and the religious life and shedding the notion that they are entering it because of lack of choice. In this time and age, were equality is being called for in all sectors of society Buddhists are being pressured and as said the Dalai Lama and other Tibetan Buddhist Leaders are supporting the Buddhist nuns. Also, another challenge is faced by the Tibetan Nuns and that is they are forced to be disrobed and be sterilized, that is marry into a Chinese national and give birth to a Chinese child. The nuns, together with the monks are the ultimate symbol of Tibetan culture since their culture is deeply rooted in religion, therefore they are the ones tortured by the Chinese government’s cleansing of Tibetan from their people. As one Tibetan nun said, the Chinese only want their land and not the people that is why they are being physically and culturally erased. Because of the Chinese occupation many nunneries in Tibet have been destroyed by the Chinese and the nunneries have moved out together with the government-in-exile of Tibet into India and other countries. Their belief in suffering, peace and karma allows them to endure the tortures they are receiving from the Chinese that are occupying their land. Tibetan nuns are not only fighting for their equality they are also the voice, together with the monks and the Dalai Lama that is calling for a peaceful fight for the liberation of their land. Works Cited BBC Religion & Ethics Web Site. 2008. BBC. 1 April 2008 . Buddhist Christian Studies Book Review. 8 October 2006. Hawaii: University of Hawaii Press. 2 April 2008 King, Ursula. â€Å"World Religions, Women and Education†. Comparative Education, Special Number (10): Sex Differences in Education. 23.10. (1987): 35-49. 31 March 2008 Tibet Website. 10 November 1997. The Government of Tibet in Exile Family of Sites. 3 April 2008 . Shi, Juo-hsueh. â€Å"Buddhist Nuns from a Modern Perspective† and Fitz-Gerald, Kerry. â€Å"Buddhism Needs Feminism.† Sakyaditha Newsletter. 3.2 (2002). 2 April 2008 . Soka Gakkai International. â€Å"Enlightenment of Women.† SGI Quarterly Magazine. (April 2000). 2 April 2008 . Simhanada Family of Sites.2006. Simhanada Buddhists. 2 April 2008 . Venerable Thubten Chodron’s Web Site. (n.d.) Ven. Thubten Chodron. 2 April 2008 from . Vincanne, Adams. â€Å"Suffering the Winds of Lhasa: Politicized Bodies, Human Rights, Cultural Difference, and Humanism in Tibet.† Medical Anthropology Quarterly, 12.1. (1998): 74-102. 31 March 2008 White, Bryan. A 5 minute Introduction to Buddhism. 1993. Buddha Dharma Education Association Network. 2 April 2008 . [1] See online articles and publications of Buddha Dharma Education Association [BDEA] for more information on Buddhism in Western countries. [2] Refer to the official webpage of the Tibetan Government in Exile: http://www.tibet.com [3] The Tibetan Buddhist Canon discusses this more extensively and can be found at the BDEA Web page, as well as in the eSSortment Web page. [4] 3 Principles of the Path is the (1) intention leave cyclic existence, (2) generate the intent to free all sentient beings and 93) correct view of emptiness (Simhanada   1) [5]Dharma refers to the Buddhist teachings or the path to truth and enlightenment. [6] A nun is subject to eight basic rules while a monk is only to follow four; when fully ordained a nun must observe 311 daily rules and the monk only 227 (King 40) [7] Vinaya class is the last class taken prior to taking the geshe exam and is required for the geshe degree. [8] Refer to Vincanne’s article of Suffering the Winds of Lhasa for detailed accounts

Transforming of South Korean Economy and the “Chaebols”’ Riddle

Nadezhda Sarelska ID: 10210680317 EMA- Chinese Economy School of Economics Fudan University Transforming of South Korean Economy and the â€Å"Chaebols†Ã¢â‚¬â„¢ riddle Political Economy of East Asia Term Paper Professor Dingping Guo October, 2012 Shanghai, China Table of contents: 1. Introduction 3 2. The beginning of Korea 4 2. 1. Collective will for success of South Korea 6 3.South Korea and modern economy 7 3. 1 Reasons behind Economic growth 8 4. The Birth of â€Å"Chaebols† 9 4. 1 Factors of Development of â€Å"Chaebols 10 4. 2 â€Å"Chaebol† and 1977 Asian Crisis 14 5. Case Study of Samsung Group 15 6. Conclusion and Recommendation 19 . Reference List 21 1. Introduction South Koreas ‘s significant transformation – an evolution from impoverished to high-income economy during three decades starting from 1960s to 1990s is one of Asian phenomena famous as -â€Å"Four Asian Tigers†- a term used to describe the tremendous performance of four Asian economies – Hong Kong, Singapore, Taiwan and South Korea. Between the early 1960s and 1997s, the four Tigers rapidly industrialized and maintained sustained high growth rates (Ref*1).Today, Korea is an example for a market economy, one highly developed country which ranks 15th in the world by nominal GDP and 12th by purchasing power parity (PPP), identifying it as one of the G-20 major economies(Ref*2). In 2010, Korea’s trade volume amounted to US$892 billion, ranking the country the 7th largest exporter in the world(Ref*2). Korea’s shipbuilding sector currently accounts for about 34% of the world’s total shipbuilding orders. As a major auto manufacturer, Korea produces over 4. 2 million vehicles annually.The success of South Korea is often called â€Å"The Miracle on the Han River† and it has been identified by several factors where the presidency of Park Chung-Hee (1961-1979) played a vital role. Under the President Park Chung-Hee’s era, the government played a dominating role in a country’s economy. His policies of shifting away the focus from import substitution strategies towards export- orientated industrialization and technical progress, favored the development of South Korean economy and establishment of a strong business environment appeared with a result of large conglomerates called â€Å"Chaebols†.To be defined as a â€Å"Chaebol†, an organization should satisfy two conditions: it should be owned by family /relatives members and it should have a diversified business operations ( REF*3). The â€Å"Chaebols† have created such a diversification that, as Anna Fifield said in her article, – â€Å"You can be born in a Samsung hospital and end up in a Samsung mortuary† (Ref*4). The giants of yesterday are one of today’s best brands in technology field as Samsung, Hyundai and LG. They and the other â€Å"Chaebols† was the core of Korean spectacular grow th and still their success can be accepted as South Korea’s success.How and why Korean’s economy was shaped by historical events and what are the reasons behind â€Å"Chaebol† establishment? What was the impact they have created over South Korean economy and could we say â€Å"Chaebols†are the reason for â€Å"the Miracle on the Han River. â€Å"? Case study of Samsung will be performed in order to give us better understanding of one of the largest and famous â€Å"Chaebol† ever and its influence over South Korean economy. 2. The Beginning of Korea The land of the morning calmâ€Å"–this is the meaning of Korea’s original name â€Å"Choson†.The time of establishment of this country and its exact geographic location is still a matter of scientific research even it often believed that human activity in Korea can be traced far into the Pal eolithic period, about 500,000 years ago (Ref*5). In Asia, Korean’s history is kno wn to be second longest following that only of China. (Ref*6) But there is a belief, according to the Korean legend, that the God-King Tangun – a legendary figure born of the son of Heaven, (which existence is still disputable among scholars) and a woman from a bear-totem tribe founded the Korean nation in BC 2333(Ref* 7).Not many present- day nations can be praised with so long and rich history even this country's time has been shaped by difficult and frequent invasions ( as many as 900 by some accounts)( Ref*6), wars and influence from its neighbors. The beginning was often said to be the time of â€Å"The Three Kingdoms† – â€Å"Silla† â€Å"Goguryeo† and â€Å"Baekche† where â€Å"Goguryeo† was known to occupy the Northern part of the peninsula from the Chinese border to the Han River, while â€Å"Silla† and â€Å"Baekche† have dominated the Southern regions (Ref. 11).But in 668 AD â€Å"Silla† (668-935) unifi ed the Korean peninsula and start developing a country with an economy, a culture and Buddhist philosophy. † Koryo dynasty† from which the English name â€Å"Korea† originates succeeded â€Å"Silla† in 935 and the country’s boundaries reached level which is very similar to its current size today. â€Å"The Choson dynasty† displaced â€Å"Koryo dynasty† in 1392 and moved the capital to Hanyang-gun (today's Seoul) in 1394. Soon after Confucianism replaced Buddhist philosophy and was adopted as the country's official religion and â€Å"Hangul† -the Korean alphabet was invented.Korea’s history was filled with prosperity, but also a lot of suffering coming from external forces like Japan, Mongolia and China and this provoked Korean closed-door policy, famous as â€Å"Hermit kingdom†. In the beginning in 1876, the Japanese forced a series of Western-style trade agreements on Korea, leading to Japan's annexation of the cou ntry in 1910. Due to growing anti-Japanese sentiment, in 1897 King Kojong declared himself to be emperor of the Taehan Empire, an independent Korea (Ref*9). Eventually this move helped Korea to preserve its own language, culture, traditions and sense of identity (Ref*6).However, during the Russo-Japanese War (1904-1905), Japanese forces moved onto the peninsula despite Korean declarations of neutrality and Japan-Korea Protection Treaty in 1905 gave Japan virtual control over Korea. Korea was colonized by Japan in 1910 year, but exactly at that time many modern aspects of Korean society emerged included rapid urban growth and infrastructure, the expansion of commerce, and forms of mass culture such as radio and cinema, which became widespread for the first time. Later had to endure the Korean War (1950-53), but it has achieved amazing economic growth in a short period, dubbed â€Å"the Miracle on the Han River. (Ref* 2) 2. 1 Collective will for success of South Korea During Japanese influence starting 1920 and later (1937-45) – harsh measured reintroduced by Japanese, Korea had to go through a lot of confusion coming from changes in values and social order after Japanese colonial rules was introduced (Ref* 6&10). During its occupation, Japan built up Korea's infrastructure, especially the street and railroad systems. However, the Japanese ruled with an iron fist and attempted to root out all elements of Korean culture from society.People were forced to adopt Japanese names, convert to the Shinto (native Japanese) religion, and were forbidden to use Korean language in schools and business. Also the temp of development was rapid and the country’s population was inexperienced and unprepared in economic aspects and knowledge because was coming for monarchy of over 1000years compared to Europe and Japan. Ideological confrontation was visible in Korean society and soon after status of families with long traditions; history and wealth were no more subje cts of respect and power, society followed the â€Å"money ideology† which was a way of survival.Soon after the democracy was introduced by USA in August 15, 1945, with the end of World War II, The Soviets and Americans failed to reach an agreement on one unified country and government, so in 1948 two separate governments were established – the Republic of Korea in Seoul called -â€Å"The American zone†, and the Democratic People’s Republic of Korea in Pyongyang, North Korea called -â€Å"The Soviet zone† (Ref* 10).This is how the challenge for South Korea and â€Å"The American zone† has started with era of knowledge, where an investment of fond and solid education and hard work were again respectable, thus offered an equal chance to success to everybody despite their origin and status. The whole society desired a better life and this is how they have adopted the concept that â€Å"economic development is a cultural product representing th e collective will of the people† (Ref*6). 3. South Korea’s modern economyIn July 1953, after three years of bloody fighting in which around three million Koreans, one million Chinese, 54 000 Americans and several other nations including Turkish were killed, the Korean War ended in a truce with Korea still divided into two mutually antagonistic states – American influenced zone in South and Soviet influenced in North, which were separated by a line called â€Å"De-Militarized Zone† (DMZ). Korea has remained divided ever since(Ref*10). After the official division of Korean peninsula, a modern economy study was introduced by USA in South Korea which was differentiated from Marxism idea popular in Japan.However, after 1965 when Japan and South Korea improved their diplomatic relationships, Marxism prevailed into their economy simply because was more community oriented, instead individualistic – something which was and it is a basic concept of Confuciani sm which was influenced South Korea in their earlier stages of history. The ideas of individualistic consumer with no intervention of government for business were too far away of Japan’s model of successful rapid grow which later in years South Korea adopted and adapted into their economic situation Table 1 – Comparison between USA and East Asian capitalism 3. 1 Reasons behind Economic growthMutual desire for better standard of living and a chance for success were deeply rooted into society’s mind, after the country was left in poverty in the end of Korean War in 1953. The significant growth of South Korea's economy which became independent in 1945 began in May of 1960 – when Park Chung Hee and a group of other military officers of the South Korean army took over the control of the government or â€Å"coup d’etat†(Ref* 11). Soon after that in 1961 Mr. Park Chung Lee became president of South Korea and the strategic planning for economic deve lopment started – focusing on lifting up the South Korean economy out of poverty.The strategy Park Chung Lee developed was based on that of South Korea's nearest rivals Japan rather than Western policy advisers. (Ref*12) Export –oriented policies were implementing as a tool trying to focus the shift into international business. South Korea simply had to survive and find a way to expand economically, but looking outside of its peninsula because with its small and limited land and natural resources caused from its mountainous terrain and climate, as well the small size of the domestic market shaped the Paradigm shift in their economy†. (Ref*13) The emphasis was added on communal productivity, education and quality as Japan did with examples of so called Keiretsu. Another measure was the military-dominated government which installed itself after the coup in 1961 quickly announced an end to the corruption of the First Republic and its intention to use economic growth and development through industrialization to legitimize its authority (Ref* 14) and implementing state policies providing the basis for successful late industrialization( Ref*15).Twenty four of the leading businessmen were arrested. The founder of Samsung, Lee Byung Chull, escaped this treatment only because he was out of the country at the time. When Lee Byung Chull returned to Korea he met with Park and agreed to cooperate with Park's economic development program. Later Lee and other prominent business leaders offered to donate all or a substantial portion of their fortunes to the government. They ended up paying fines but not giving up their businesses (Ref* 15). 4. The Birth of â€Å"Chaebols†In the process of export-led market economy the government ruled by President Park Chung Lee for 18 years reign (1961-1979) decided to work with five- year’s plans, starting the first one in 1962 which was focused on developing the industrial base and setting the stage for So uth Korea’s economic prosperity. (Ref* 16) After this step, the government encouraged their local, domestic business enterprises to work and expand by choosing which markets must be developed and allow entry only to several of those local companies.To be accepted as â€Å"Chaebol† a company need to be family-owned and usually this type of organization is influenced by growth-oriented family-centered business, where family male has the dominant role in a hierarchy and almost unlimited power to which his subordinates are loyal (Ref*17). This idea of Pyramid frame of working had an origin of Confucianism which teached several concepts as social hierarchy, harmony and â€Å"the concept of saving face†, kindness and care; modesty and diligence.For instance, in Japanese companies â€Å"had more visible mutual obligation which is unlikely to be seen in â€Å"Chaebol† structure, where the boss is superior compared to employees. As an incentive for local companie s, financial motivations were offered such as low- interest loan, tax breaks and others simply because all the banks were nationalized as well for the purpose of economic development. This is how so called â€Å"Chaebols† -which literally mean â€Å"business association†, were born into South Korean history. 4. 1 Factors of Development of â€Å"Chaebols†With its fast speed of industrialization, the economy nourished and supported heavily â€Å"Chaebols† which were often â€Å"family-centered† enterprises. Their brands, products and companies diversified quickly and soon they were responsible for the majority of the exported products which simply meant that private owned companies were responsible for biggest share of South Korea economic development. Not only have they expanded in international level, but also started to grow bigger in local land. Brands like Samsung, Hyundai and LG were a measure for quality, technology and innovation.We could say that even today the same conglomerates are still driver force in Korea. Another â€Å"significant economic decision made by government’s planners was to focus market development through export-oriented industrialization â€Å"(Ref* 18). Because of its enough to produce, but less to consume population and still not existing local markets, all efforts were putting into creating international markets where South Korea could have an advantage and generate a profit. The results started to be visible in fast digit rate at average 10% annual growth between 1962 and 1994.The large and fast expanding multinational conglomerates enjoyed strong support from government and good success of foreign markets. While the contribution of agriculture to the economy declined from 37% in 1965 to 3% in 2008, the industrial sector increased its contribution from 20% to 37%, that of services from 43% to 60% and exports remain the cornerstone of this economic development with their share in GDP acc elerating from 8% in 1965 to a whopping 53% in 2008(Ref* 13). Table 2 Share of Top 30 â€Å"Chaebols† in South Korea’s GDPSource â€Å"Chaebol Powered Industrial Transformation† by Ahn Choong-yong, Korea Institute of Public Administration and Korea Times. April 2010 All the conglomerates were liberally permitted to access foreign loans promoted by the government to support fast-paced economic development, while in contrast outflows of domestic capital were effectively curbed ( Ref* 19). The Foreign Direct Investment (FDI) was also restricted in order to keep positive economic growth, except in cases where technology and know-how were involved.In exchange of this, all the â€Å"Chaebols† were obliged to fulfill ambitious plans and to develop for the next three decades. This financial help actually protected the companies from bankruptcy and soon they turned on into â€Å"octopus†, regulating and expanding into more and more branches, industries and brands, even not related to their core scope of business; increasing their power and wealth into public level and became too difficult their decisions to be influenced. For example, a ship building company could decide to enter into a market of cosmetics products or pharmaceutical industry.Of course, simultaneously they opened more factories, created jobs and promoted economic boom. Basically they became a voice in South Korea. In this manner they grew so large that the top fifty â€Å"Chaebols† had sales equivalent to almost 94% of the total national GDP by 1984( Ref*20). In fact as a second measure introduced from President Park Chung Lee was diversifying of â€Å"Chaebol† into heavy and chemical industries, simply to be protected from North Korea . ( Ref*21)As we can see on Table 2, their share in GDP increased dramatically from 9,8 % in 1973 to 29,6% 1989Table 3 The Growth Rate and Total Factor Productivity by country According to International Institute for Manage ment, South Korea is ranked 5th in terms of education level, with 40 percent of the population completing higher education after high school. This movement into very strong foundation of education was resulted of democracy brought by USA , President Park Chung Lee’s reforms, but also Confucianism’s which, was earlier in history, influenced the social mind of South Korea. Understanding that high level of education and qualified human resources are powerful driver of economy and quality was one of the best tools for sustainable growth. Education system which was a resource highly appreciated by traditional values in the society and was a chance for everybody in quest of success. Moreover, South Korean workers work more hours of the day than most countries reflecting 10 to 13 percent increases in productivity per year( Ref*22). The willingness of hard-working and co-operating were very important for the efficacy and quality of the economic boom.Krugman (1994) claims that the â€Å"Four tigers† achieved the rapid growth rate because they successfully managed the resources associated with high employment share to population, efficacy of work, up-graded educational standards and the high rate of investment(Ref*19). Looking into Table 3, it is clear that South Korea achieved the highest grow rate of 8,5% per cent annually from 1960 to1994. Table 4 Domestic Saving per GDP (per cent) Another tool which helped â€Å"Chaebols† to flourish was high-saving ratio, which was initially originated from uncertain life conditions and missing social system.In Korea the social welfare system was not well established (Ref*23). In this kind of situation, similar to China’s beginning, individuals are trying to save as much as they can in order to ensure their future. Furthermore, high savings and investments also contribute to capital accumulation. For example, Kim and Lau (1996) extend their input-analysis which covers Indonesia, Malaysia, Thailand and the Philippines reveal that capital accumulation associated with high domestic saving and investment level significantly contributed to strong growth in East Asia.Also, Collins and Bosworth (1996) emphasize that saving, investment and government policy are the main contributor to high capital accumulation ( Ref. 19) 4. 2. â€Å"Chaebols† and 1997 Asian Crisis The financial crisis that hit Asian countries in early July 1997 was an unexpected situation for â€Å"Four Tigers† including South Korea which were witnessed a rapid and sustainable growth in several decades in row, offering high standard of living into their citizens, high annual growth and successful export economy. They were accepted and perceived as models of economic boom.A lot of foreign investment were flowing and then government help like bank loan , preferential policies and incentives which were used to stimulate the economy through so called multinational companies â€Å"Chaebols† . All thi s led to excessive diversification, a debt, a difficulty to be measured the credibility of a company and its real proportion due to unlimited bank loan with 0 interest they were given; lack of business transparency, superior managerial behavior and more. All these reasons led to so called† â€Å"Asian Contagion†, this was a series of currency devaluations and other events  that spread through  many Asian markets.As a result of the crisis, South Korea adopted different protectionist measures, government and financial reforms to ensure the stability of their own currency and reforms inside of â€Å"Chaebols† structures. ( Ref*24). 5. Case of Samsung Group Samsung Electronics integral part of is a multinational, family-owned company with headquarters located in Samsung Town in Seoul called â€Å"Samsung Group†. Samsung Group has grown to become one of the world's leading and respectuful electronics companies, specializing in digital appliances and media, scycrapers, petrochemicals, fashion, medicine, hotels, semiconductors, memory, and system integration. Ref *25). As journalist Anna Fifield said in her article, – â€Å"You can be born in a Samsung hospital and end up in a Samsung mortuary† (Ref*4). They operate in more than 65 different countries as sales and plants; also they are responsible for appointing for more than 170,000 employees worldwide. In 2009 the company was classified as largest IT Company in world with biggest sales revenue of memory chips, LCD and LED displays. For TV and smart phones devices markets, Samsung is in top position, especially after launching Galaxy 2 Note competing with Apple and theirs I pad mini and I phone.Its growing share in smart phones and tablet’s market is very high with around 20% for the first quarter in 2011 compared to 16, 1% in same time previous year. [pic] Brief history and Economic Overview The Samsung Group was established in 1938 in Taegu, Korea by Byung Chull Lee and its main scope of business was export of fish, vegetables and fruits to Mainland China. In 1951, Samsung Corporation was officially established with name Samsung Moolsan which means â€Å"Three Stars† (Ref*25).The company started to grow and later in 1958 when Ankuk Fire& Marine Insurance as well DongBang Life Insurance in 1963 was acquired, the name was changed into Samsung Fire& Marine Insurance and respectfully Samsung Life Insurance. In 1969 Samsung Electronics and Samsung Sanyo Electronics were established, but in 1977 they also merged and diversifying started into heavy, chemical, shipbuilding, IT and other industries. The reasons behind such a diversification could be the same between all â€Å"Chaebols† examples, but very true for Samsung.They assumed that if investing into new business or a product will avoid potential risk of a single bankrupt, gaining knowledge for a technology and know-how patents; competitions and bigger market share and another fa ctor could be because of persuading better wealth in order to ensure all the family members. ( Ref* 21) Thanks to its clever moves and business/political decisions Samsung developed excellent domestic and international market and 1974 they bought 50% of share of Korea Semiconductors, which gave them the first place of semiconductor manufacture SWOT ANALYSISSamsung Group is one of the largest â€Å"Chaebols† in South Korea with world-class quality products and brand. The company has dominance into digital and electronic components markets, with more than 40 existing affiliated companies. Fig. 1 SWOT ANALYSES – Samsung Group STRENGTHS Strong brand and loyal customers; Leader in several markets as IT and electronics; Excellent supply chain; Capital; Confidence; Trustworthy and Credibility; Innovation; Technology level and skilled worker HR; Product Strategy WEAKNESS Serious Competition; High Marketing cost; Managerial Behavior; Centralization; CorruptionOPPORTUNITIES Good economic conditions; highly disposable income local market; Government support; International relations and business expanse; Technology development THREATS Patent’s legislations; Regulatory issues; Technological changes; Economic Crisis; China Table 5 Samsung Electronics Marketing Expenses Marketing Mix for Samsung Group – 4P Product Strategy – Samsung’s diversified line of products in 3D market for example which is offering LTD, LED and Plasma TV is one of best positioned into product strategy.Their electronic market is also very good example for product strategy which is one of their strengths in SWOT analyses Focusing on unique products and innovation to compete like 3D Plasma TV with unique design and functionality allowed Samsung to became a leader into this direction. Another very well presented idea of their product strategy is smart phone Galaxy Note 2 which competes directly with Apple’s I pad mini. Among some of the benefits of Galaxy N ote 2 is its display, price, Android operating system, Bluetooth, slightly lighter, removable memory, flash, front camera/rear camera and few more. Ref* 26). At the moment this is the best tablet produced by Samsung and as product strategy unique was chosen and improvement inside of the functionality. Price strategy – Samsung strategy according their pricing is being available for more consumers than I pad mini/ I phone, which is persuaded as a luxury and fashionable product, thus its price differentiates – sometimes even double less expensive. Another factor regarding price is that Samsung produce a big amount of it’s and also Apple’s components’ which results into higher cost and price for Apple’s products on market.Thanks to diversification mentioned earlier we can see that Samsung actually have the advantage to produce by themselves most of the electronic components of their smart phones/ tablets, but also to their competitors, so they b ecame superior in the Pyramid. Promotion strategy: This is one of most weak part of SWOT Analyses of Samsung, because it cost billions of USD in advertisements and promotions which are conducted in three continents – Europe, Asia and USA. 8 billion USD were spending in Europe compared to 3 billion in Asia and 12 billion in North America.Using famous American singer/groups such as Black Eyes Peas into their promotion strategy is adding high cost for the â€Å"Chaebol†. Product Placement: The strategic idea here is that Samsung tablets Galaxy 2 Note are not positioned on the luxury market, but at the same time will not be sold in low-level stores as Wal-Mart. Targeting young people across three continents, Samsung focused on uniqueness, creativity, design and promotion. Apple’s product focuses on luxury and fashionable segment of the market where consumers are ready to pay more premiums. Conclusion and Recommendations Transforming South Korea’s economy was an experiment and example of â€Å"Tiger measures† conducted by the government of President Park Chung Hee in quest of best way to expand the economy in sustainable way and improve the quality of people equally. Focusing on export-oriented economy with solid foundation of education, willingness of hard-work, high saving ratio and allowance of private family- own enterprises in national sectors and important industries helped â€Å"The Miracle on the Han River† to become history of success. Chaebols† were and still are enormous part of South Korean Economy, which for three decades created a country -an example for a market economy, which ranks 15th in the world by nominal GDP and 12th by purchasing power parity (PPP), identifying it as one of the G-20 major economies (Ref*2). In 2010, Korea’s trade volume amounted to US$892 billion, ranking the country the 7th largest exporter in the world(Ref*2). Korea’s shipbuilding sector currently accounts for ab out 34% of the world’s total shipbuilding orders. As a major auto manufacturer, Korea produces over 4. million vehicles annually. The majority of export related goods are produced by top â€Å"Chaebols† companies which appeared in late 60s after government of Park Chung Hee offered them unlimited incentives and industries in exchange of economic growth with 10% on average. The impact of those conglomerates was measurable and visible, even though 1997 Asian crisis shaped up them and reformed these â€Å"octopus† inner structures by implementing more transparent policies and less corruption. Nowadays â€Å"Chaebols† are still the driver of South Korean’s income and economy.As recommendation for the largest â€Å"Chaebol† at the moments, Samsung Group- focusing on innovation and technology improvement will be useful, because China is starting to emerge and also other competitors are weak point for Samsung. Combing their efforts could be a good strategy in order to protect South Korean’s reputation and export share. Focusing on domestic market and not being so dependent on export. Or being sure that export is enough diversified to keep the profit. Reducing Marketing cost via cheaper, but creative techniques to attract and keep customers. Because for quality there is always a market! Reference List: . Fogel, R. W. (2005). Reconsidering expectations of economic growth after World War II fromthe perspective of 2004. IMF Staff Papers, Vol. 52 Special Issues, Washington, DC:International Monetary Fund. 2. Published by Korean Culture and Information Service Retrieved October 2, 2012, from http://www. scribd. com/doc/85568568/Facts-about-Korea-English 3. Retrieved October 3, 2012, from https://www. fsb. muohio. edu/mis399/student/Reading%20files/history-china-korea-japan. htm . 4. Fifield, A. (March 26, 2008). http://www. ft. com. In Korea’s Bulldozer must clean up the Chaebol. Retrieved October 14, 2012, from http: //www. t. com/intl/cms/s/0/97182b8e-fb3f-11dc-8c3e-000077b07658. html#axzz2LbBBYYrW. 5. http://www. lifeinkorea. com/information/history1. cfm 6. Choo, Myung-Gun. 2000. Chapter 4: South Korea: the Tragedy of Partition and the Response, in  The New Asia in Global Perspective, p. 74-5 7. https://www. fsb. muohio. edu/mis399/student/Reading%20files/history-china-korea-japan. htm. Retrieved October 3, 2012 8. ,, 9. http://www. lifeinkorea. com/information/history1. cfm 10. http://afe. easia. columbia. edu/main_pop/kpct/kp_koreaimperialism. htm 11. Education, Wikipedia , Retrieved October 9, 2012, from http://en. wikipedia. rg/wiki/Park_Chung-hee 12. Hattori, T. ,1986 â€Å"Comparison of Large Corporations in Korea and Japan, â€Å" in Hakjon Lee and Kuhyun Chung, eds. , The structure and strategy of Korean Corporation ( Seoul, Korea: Bupmunsa, 1986)p. 151 13. November,2010. , The Chaebol in South Korea: Spearheading Economic Growth. ,Thomas White International, Ltd, Retrieved Octobe r 12, 2012, from http://www. thomaswhite. com/explore-the-world/emerging-market-spotlight/2010/south-korea-chaebols. aspx p. 2 14. Kae H. Chung, Hak Chong Lee, and Ku Hyun Jung, Korean Management: Global Strategy and Cultural Transformation ( Berlin: Walter de Gruyter, 1997) p. 15. Retrieved October 15,2012, from http://www. sjsu. edu/faculty/watkins/park. htm Sources: †¢ Clifford,  L. M. Troubled Tiger: Businessmen, Bureaucrats, and Generals in South Korea, M. E. Sharpe, Armonk, New York, 1994. †¢ Hee, C. P. To Build a Nation, Acropolis Books, Washington, D. C. , 1971. †¢ Hee, C. P. The Country, The Revolution and I, Hollym Corporation Publishers, Seoul, Korea, 1970. †¢ Hee, C. P. Our Nation's Path: Ideology of Social Reconstruction, Hollym Corporation Publishers, Seoul, Korea, 1970. 16. Jasper, Kim Crisis and Change : South Korea in a Post-1997 New Era ( Seoul: Ehwa Womans University Press, 2005)p. 7 17. March, 2006. , The Case of Chaebol Cult, Asian Manageme nt, Retrieved October 5, 2012, from . PDF version 18. Jasper, Kim Crisis and Change : South Korea in a Post-1997 New Era ( Seoul: Ehwa Womans University Press, 2005)p. 17 19. http://ecostat. wordpress. com/2012/08/19/capital-accumulation-or-total-factor-productivity/ 20. Fields. J. K. , Enterprise and the State in Korea and Taiwan ( Cornall University Press, 1995) p. 35 21. Ahn(2001), pg420and Pn, E. ,†South Korea’s role in a dangerous neighbourhood† http://www. nytimes. com/cfr/international/slot3_021106. html 22. (2006, 03). Korean Economy. StudyMode. com.Retrieved October 15, 2011, from http://www. studymode. com/essays/Korean-Economy-83006. html 23. Choo, Myung-Gun. 2000. Chapter 4: South Korea: the Tragedy of Partition and the Response, in The New Asia in Global Perspective, p. 79 24. Education, Investopedia Retrieved October 18, 2012, from http://www. investopedia. com/terms/a/asian-financial-crisis. asp#axzz29i6XywR2 25. SAMSUNG Group Official WebPage, Retr ieved October 3, 2101 from http://www. samsung. com/us/aboutsamsung/corporateprofile/history06. html 26. http://tablets. venturebeat. com/compare/46-123/Apple-iPad-2-with-Wi-Fi-3G-vs-Samsung-Galaxy-Note-10-1

Free Essays on Tale Of Two Cities

"Social Criticism in Literature, As Found in George Orwell's Animal Farm and Charles Dickens' A Tale of Two Cities." Many authors receive their inspiration for writing their literature from outside sources. The idea for a story could come from family, personal experiences, history, or even their own creativity. For authors that choose to write a book based on historical events, the inspiration might come from their particular viewpoint on the event that they want to dramatize. George Orwell and Charles Dickens wrote Animal Farm and A Tale of Two Cities, respectively, to express their disillusionment with society and human nature. Animal Farm, written in 1944, is a book that tells the animal fable of a farm in which the farm animals revolt against their human masters. It is an example of social criticism in literature in which Orwell satirized the events in Russia after the Bolshevik Revolution. He anthropomorphises the animals, and alludes each one to a counterpart in Russian history . A Tale of Two Cities also typifies this kind of literature. Besides the central theme of love, is another prevalent theme, that of a revolution gone bad. He shows us that, unfortunately, human nature causes us to be vengeful and, for some of us, overly ambitious. Both these books are similar in that both describe how, even with the best of intentions, our ambitions get the best of us. Both authors also demonstrate that violence and the Machiavellian attitude of "the ends justifying the means" are deplorable. George Orwell wrote Animal Farm, ". . . to discredit the Soviet system by showing its inhumanity and its back-sliding from ideals [he] valued . . ."(Gardner, 106) Orwell noted that " there exists in England almost no literature of disillusionment with the Soviet Union.' Instead, that country is viewed either with ignorant disapproval' or with uncritical admiration.'"(Gardner, 96) The basic synopsis is this: Old Major, an old boar in Manor Farm, tells t... Free Essays on Tale Of Two Cities Free Essays on Tale Of Two Cities "Social Criticism in Literature, As Found in George Orwell's Animal Farm and Charles Dickens' A Tale of Two Cities." Many authors receive their inspiration for writing their literature from outside sources. The idea for a story could come from family, personal experiences, history, or even their own creativity. For authors that choose to write a book based on historical events, the inspiration might come from their particular viewpoint on the event that they want to dramatize. George Orwell and Charles Dickens wrote Animal Farm and A Tale of Two Cities, respectively, to express their disillusionment with society and human nature. Animal Farm, written in 1944, is a book that tells the animal fable of a farm in which the farm animals revolt against their human masters. It is an example of social criticism in literature in which Orwell satirized the events in Russia after the Bolshevik Revolution. He anthropomorphises the animals, and alludes each one to a counterpart in Russian history . A Tale of Two Cities also typifies this kind of literature. Besides the central theme of love, is another prevalent theme, that of a revolution gone bad. He shows us that, unfortunately, human nature causes us to be vengeful and, for some of us, overly ambitious. Both these books are similar in that both describe how, even with the best of intentions, our ambitions get the best of us. Both authors also demonstrate that violence and the Machiavellian attitude of "the ends justifying the means" are deplorable. George Orwell wrote Animal Farm, ". . . to discredit the Soviet system by showing its inhumanity and its back-sliding from ideals [he] valued . . ."(Gardner, 106) Orwell noted that " there exists in England almost no literature of disillusionment with the Soviet Union.' Instead, that country is viewed either with ignorant disapproval' or with uncritical admiration.'"(Gardner, 96) The basic synopsis is this: Old Major, an old boar in Manor Farm, tells t...

How to Write A Ph.D. Thesis

How to Write A Ph.D. Thesis How to Write A Ph.D. Thesis Writing a Ph.D. thesis or dissertation takes time and energy. The process of conceptualizing, designing, developing, and the final presentation of the work requires students to devote their undivided attention to be able to complete the study on time, not to mention having to gain the approval of the examiners. If you’re nearing the finish line of your doctorate and you’re currently at the initial stages of your dissertation, here are some helpful suggestions for writing your doctoral thesis. Choosing A Topic Choose a topic of interest that coincide with your program’s area of expertise or interest. In most cases, graduate students develop their studies around a specific question that their programs have emphasized and proceed to work with supervisors in the faculty who possess the technical knowledge and expertise in those areas. If you are given a free hand to determine your focus, you will be expected to explore diverse themes related to your discipline before zeroing in on a final direction. Here are a few tips to consider during topic ideation: Identify â€Å"hot issues.† Bounce off ideas with your research supervisor and determine the key topics or pressing issues in your field. Widen your knowledge by reading up on the latest studies, published journals, academic case studies, annual reports, news articles, or data summaries around your topic. Journal your ideas. Write down your thoughts and discoveries so you can revisit, modify, or change them when needed. This will help you to focus your thoughts and keep track of ideas to develop and that may be important in improving your theme. Don’t seek a â€Å"perfect† topic. Some students might fall in the trap of overthinking their research topic. If you ever stall out, get in contact with your supervisor and get expert advice. Consult a faculty member. The Graduate School of the University of British Columbia suggests that researchers familiarize the specializations of individual faculty members in their graduate program. This helps you know if these members are the right fit for your research supervisory committee. Developing Your Topic As you develop your research topic, consider your career goals after earning your doctorate. A graduate student that’s worth their salt uses their dissertation to define the trajectory of their career path after university. Choose a topic that not only resonates with your interests and that of your program but also propels your career forward. Consider the following questions when developing your topic: Can the question sustain your interest and enthusiasm? Are there solutions to the problem? Could these lead to other problems worth researching? Can it make an original contribution to the field? Can you deliver the promise of the research? Drafting Your Research Proposal Once you’re sure of your topic, the next step is to draft your research proposal. A proposal must detail the first few chapters and the core sections of the dissertation. It must include the following parts (in order): Statement of the Problem (also called Background Information) Review of Related Literature (RRL) Planned Research Method Here are some additional helpful suggestions for focusing and writing your research proposal: Read proposals from other researchers. This will help you get a general idea of how a finished proposal should be. Ask for one exemplary paper from your field of study. Take note of: How the proposal was organized The types of headings used The level of clarity and specificity The author’s breadth of knowledge on the subject Write a quality Review of Literature. Don’t wait until the dissertation proper to prepare for this essential chapter. Your RRL should cover two arguments: Why your research is needed The essence of your methodology in answering the question raised Allocate sufficient time to develop your arguments. The longer you work on your RRL, the more time you have to locate resources, and the better a literature review you can produce. Archive all relevant resource materials. Make sure to organize them according to sections, arrange them in sequential order, and copy all bibliographic citations. This will come in handy when you need to reference a specific piece for your bibliography. Zero in on one area. Put a laser focus on your topic. Devote enough time to create specific and definite arguments for your research. Decide on a proposal title. A carefully considered title helps your readers immediately understand your research at a glance. Steer clear of confusing or vague language, and put the essential words at the beginning of your title. It can be useful to include keywords that will aid other researchers to find your work. The success of your proposal lies in the quality of your project and how well your presentation is on paper. If you need assistance writing your proposal, there are many proposal writers in Toronto who can guide you through the process. Defining The Scope Of Your Research To gain clarity and create a defined structure, narrow the scope of your research. Defining what you will and will not tackle should be discussed in your proposal. As you refine your scope, consider these points: Choose your methodology judiciously. Your methodology is one of the vital elements that will set the structure of your research. Consider methods used in your field and single out processes that your program and supervisory committee support. Your research supervisor will discuss some methodological questions with you as you develop your proposal. Choose a qualified and supportive supervisory committee. The committee you will work with will play a significant role in the success of your research. Select committee members that are not only experts in the field, but are willing to work with you towards your goal. They should be a source of guidance and encouragement for your labours. Be as open and objective as possible when receiving criticism from your committee. Meet with your committee as often as needed. It is during these meetings that you can thoroughly discuss your proposal and set goals and procedures. Writing Your Dissertation Writing is a vital skill that you need to hone early in the process. Use your proposal as your guide. Write in a way that reflects what you said you would accomplish in your methodology. Do the same for the Statement of the Problem and your RRL. Write clearly; avoid ambiguity. Have a list of keywords that are important to your research and use them throughout your dissertation. Don’t alternate between words or phrases when you’re referring to only one thing. This will help keep your meaning clear to your readers. You don’t have to write your paper in sequence (i.e. from the first chapter to the end); in fact, it is usually best to not write the introduction until the paper is completed.   Start with the parts you’re most comfortable with, and work from there. During revisions, you can rearrange sections to best support your arguments and present your evidence. Here are a few more tips for writing your dissertation: Plan a dissertation structure carefully with your supervisor. Create rough drafts as you go, and refine them as your topic becomes more focused. Create a filing system to easily track relevant results as you write each chapter. Use a reference manager to keep track of your references and notes. Back up your work. Make a digital backup of all the key parts of manual records, logbooks, or diaries you’ve used. Writing a dissertation can be challenging as you work toward completion. However, with the right guidance and effort, you can complete this undertaking and earn that doctorate you’ve worked hard for. If you need help in writing your dissertation, you can also get a professional writing service to make the process easier. is here to be your partners in this endeavour. We offer comprehensive dissertation/thesis services for advanced level students in the GTA. Contact us to get started with your project.

Film Genre (English Class) Research Paper Example | Topics and Well Written Essays - 1250 words

Film Genre (English Class) - Research Paper Example The success of the gangster film with audiences later influenced filmmakers like Francis Ford Coppola, whose 1972 epic The Godfather casts its criminal characters as appealing archetypes of good â€Å"family men,† doing whatever is necessary to survive and thrive in a dangerous world. The growing popularity of gangster films in the first three decades of the twentieth century owes a great deal to the American public’s fascination with notorious real-life gangsters such as Al Capone. The gangster cut a dashing figure—his sharp dressing style, marked by â€Å"pinstripe suits, fedoras, and fancy neckties,† created a whole new image for the American gangster, serving to â€Å"legitimize their status as businessmen† and allowing them to represent themselves as â€Å"a model of the new American ideal for the urban working class† (Beshears 197). Of course, his carefully-crafted outward appearance served to disguise the fact that Capone was, for all intents and purposes, little more than a common criminal. Like many of his criminal contemporaries, Capone made a fortune bootlegging liquor after Prohibition was enacted in 1920. Yet Capone and his cronies were not roundly vilified for their criminal activity. Instead, the public became enamored with the heady tales of the ongoing struggle between gangsters and the police who sought to shut them down. The â€Å"old moral order† (199) had broken down—in its place, many Americans had begun to embrace â€Å"a nihilistic outlook on life† (198) driven by disillusion in the wake of World War I. The resulting lack of optimism and distrust of authority created an environment in which gangsters were painted almost as folk heroes. They were perceived by many to be Robin Hood-type figures fighting the establishment on behalf of the downtrodden. In reality, however, the gangsters were solely in it for themselves, eager to make a profit even through the most nefarious of me ans. Based in large part on the infamous persona of criminals like Capone, the â€Å"gangster film† became a popular genre, exploding into success in the early 1930s. The gangster film is a sub-category of crime films in which the main characters are part of a gang or are otherwise affiliated with a crime organization or mob. The film typically depicts the rise and fall of the main character, a man whose ruthlessness, cunning, and unrepentant narcissism take him to the top and cause his subsequent downfall. The movies are set in large cities so as to â€Å"provide a view of the secret world of the criminal: dark nightclubs or streets with lurid neon signs, fast cars, piles of cash, sleazy bars, contraband, seedy living quarters or rooming houses† (filmsite.org). The movies are generally bloodbaths—multiple characters die as a result of their association with the gangster. Though in the earliest gangster films, much of the violence occurred off-screen, later film s almost gleefully depicted the random violence associated with the gangster way of life. Additionally, these films are crafted as â€Å"morality tales: Horatio Alger or ‘pursuit of the American Dream’ success stories turned upside down in which criminals live in an inverted dream world of success and wealth†

Essay on strategy Example | Topics and Well Written Essays - 1250 words

On strategy - Essay Example es have been developed and researches have been conducted to explore the socioeconomic phenomena on the concrete foundations of in-depth observation and existing realities. The global corporate culture has been adopting and following the Five Factors Model presented by famous theorist and strategic analyst Michael E. Porter in 1980. The theorist submits to state that since the contemporary era experiences the state of perfect competition in the wake of tremendous technological advancement, five-factor model is vehemently supportive in developing their strategic schemes and revising them according to the fast changing market situation. â€Å"The strategic business manager seeking to develop an edge over rival firms can use this model to better understand the industry context in which the firm operates.† (learnmarketing.net) Porter has described the following five factors as the part of his strategic model: Porter views these five factors to be regulating the future of a product as well as the organisation producing the product. Porter declares competitive rivalry between the firms as the most dynamic factor, which explains that the easier the entry in a business or industry, the higher the level of competition in that business area. Since such products are similar to one another in respect of characteristics, formulae and even outlook, the probabilities of their availability are also almost one and the same. Consequently, it is also flexible for the customers and consumers to switch from one product to its rival brand. For example, KFC is offering almost the same fast food items as being produced by McDonalds; the same is the case with Coca-Cola, RC Cola and Pepsi, where only few people are brand conscious and take these drinks as the substitute of one another. Thus, consumers take advantage of such a state of affairs, and the companies have to devise innovative plans and strategies i n order to combat with the situation of perfect competition. Porter also views